Mllyp and Family Foundation Inc
Mllyp and Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARINA DEL REY, CA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $10.0M in total assets. In 2024, it awarded 2 grants totaling $41K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.0M
+0.2% YoY
Annual Giving
$41K
Grant Count
2
Avg Grant Size
$21K
Under IRS private-foundation payout rules, Mllyp and Family Foundation Inc reported a distributable amount of $492K for 2024 — the minimum it must pay out in qualifying distributions.
About Mllyp and Family Foundation Inc
Based on IRS filings
Mllyp and Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARINA DEL REY, CA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $10.0M in total assets. In 2024, it awarded 2 grants totaling $41K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $10,018,249 | $9,995,075 |
| Revenue | $23,174 | $9,088,131 |
| Expenses | $146,574 | $42,344 |
| Qualifying Distributions | $82,890 | $21,172 |
| Net Investment Income | — | — |
| Distributable Amount | $492,466 | $71,479 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Asia Pacific Community Fund ($31,000), Asian American Senior Citizens Service Center ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASIA PACIFIC COMMUNITY FUND LOS ANGELES, CA | GENERAL SUPPORT | $31,000 |
| ASIAN AMERICAN SENIOR CITIZENS SERVICE CENTER SANTA ANA, CA | GENERAL SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ORLANDO WONG | PRESIDENT / CEO | 2 | — |
| MONICA WONG | TREASURER | 2 | — |
| BRANDY KWAK | COO | 2 | — |
| ROCKY SHERWOOD | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mllyp and Family Foundation Inc?
Mllyp and Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARINA DEL REY, CA. It holds $10.0M in total assets as of 2024.
How large is Mllyp and Family Foundation Inc?
As of 2024, Mllyp and Family Foundation Inc holds $10.0M in total assets with $23K in annual revenue. It awarded 2 grants totaling $41K in 2024.
Where does Mllyp and Family Foundation Inc operate?
Mllyp and Family Foundation Inc has awarded grants in California.
What size grants does Mllyp and Family Foundation Inc award?
In 2024, Mllyp and Family Foundation Inc awarded 2 grants totaling $41K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is Mllyp and Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mllyp and Family Foundation Inc reported a distributable amount of $492K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mllyp and Family Foundation Inc's EIN?
Mllyp and Family Foundation Inc's EIN (Employer Identification Number) is 93-2737354. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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